Grmc Inc
- Assets
- $61.0m
- Revenue
- $34.7m
- Investments
- $16.5m
- Employees
- 488
- Location
- Oakland, MD
- Founding
- Data as of
- 12/2022
- EIN
- 87-1846814
Organization Overview
Grmc Inc, operating under the name Garrett Regional Medical Center, is located in Oakland, MD. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Garrett Regional Medical Center employed 488 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garrett Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A HOSPITAL FOR THE RECEPTION AND TREATMENT OF SICK OR INJURED PERSONS OF ALL KINDS, TO ENGAGE IN THE BUSINESS OFRECEIVING, ATTENDING TO, NURSING, AND GIVING PROPER NOURISHMENT TO AFFLICTED OR INJURED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GARRETT REGIONAL MEDICAL CENTER INCLUDES 55 INPATIENT BEDS, A FOUR BED INTENSIVE CARE UNIT, A 10 BED SUBACUTE REHABILITATION UNIT, A FAMILY CENTERED MATERNITY SUITE, A 13 BED OUTPATIENT SURGICAL UNIT WITH A FOUR BED SURGICAL SUITE, AND 24/7 EMERGENCY SERVICES. THE HOSPITALS LABORATORY, RADIOLOGY, AND CARDIOPULMONARY DEPARTMENTS ARE FULL SERVICE ANCILLARY UNITS EQUIPPED WITH STATE OF THE ART TECHNOLOGY. GRMC EXPANDED ITS HEALTHCARE SERVICES WITH THE 2019 LAUNCH OF ITS OAKLAND REGIONAL BEHAVIORAL CLINIC AND THE ESTABLISHMENT OF THE GRANTSVILLE MEDICAL CENTER IN 2017, OFFERING PRIMARY, URGENT, AND SPECIALTY CARE IN NORTHERN GARRETT COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Venturella Wvuhs Chief Information Officer | Trustee | 1 | $0 |
Mark Boucot President CEO Non-Voting | Officer | 20 | $211,411 |
Amy Boothe VP Operations Finance | Officer | 15 | $61,384 |
Kendra Thayer Chief Nursing Officer | Officer | 40 | $127,020 |
Tracy Lipscomb Chief Financial Officer | Officer | 40 | $131,887 |
Marjorie Fridkin Chief Medical Officer | Officer | 40 | $91,174 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cfa Llc Dba Carefirst Administrato Health Insurance Claims And Fees | 12/30/22 | $344,134 |
Baker Donelson Bearman Caldwell & Berkowitz Pc Legal Fees | 12/30/22 | $335,602 |
Wellspring Family Medicine Pc Practice Assistance Payments | 12/30/22 | $128,831 |
Health Carousel Llc Nursing Agency Fees | 12/30/22 | $120,603 |
Deep Creek Colon And Rectal Surgery Pc Practice Assistance Payments | 12/30/22 | $108,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $722,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,024 |
| Noncash contributions included in lines 1a–1f | $19,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,213 |
| Total Program Service Revenue | $33,131,133 |
| Investment income | $247,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $9,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,719,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,521 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $562,423 |
| Compensation of current officers, directors, key employees. | $329,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,351,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,202,725 |
| Payroll taxes | $1,212,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,466 |
| Fees for services: Accounting | $110,551 |
| Fees for services: Lobbying | $35,608 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,944,709 |
| Advertising and promotion | $38,940 |
| Office expenses | $3,511,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $387,726 |
| Travel | $24,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $220,398 |
| Payments to affiliates | $344,065 |
| Depreciation, depletion, and amortization | $1,760,509 |
| Insurance | $138,933 |
| All other expenses | $0 |
| Total functional expenses | $30,678,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,750 |
| Savings and temporary cash investments | $9,670,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,693,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,868,635 |
| Prepaid expenses and deferred charges | $748,265 |
| Net Land, buildings, and equipment | $19,585,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,475,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $959,662 |
| Total assets | $61,003,853 |
| Accounts payable and accrued expenses | $4,195,954 |
| Grants payable | $0 |
| Deferred revenue | -$11,733 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,809,896 |
| Total liabilities | $30,494,117 |
| Net assets without donor restrictions | $29,689,815 |
| Net assets with donor restrictions | $819,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,003,853 |